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Thursday, September 1, 2011

http://www.thestreet.com/ Downgrades MIPS Technologies to "Hold".

Today, http://www.thestreet.com/ downgraded MIPS technologies to a "hold" rating. This means that MIPS in not expected to do any better, or any worse than other tech companies. For the few months that I have owned shares in this company it has been on the same curve as the market has been on. For example: market gains MIPS gains, market loses MIPS loses also. Therefore I have to say that I agree with this decision made by TheStreet. A HUGE think to pay attention to though is that MIPS has a debt-to-equity rate of zero. In simple words, THEY OWE NO MONEY! Unlike other companies we know...